ArmInfo.Armenia's foreign trade turnover with the EAEU countries in January-April 2021 compared to the same period of 2020 increased by 1.6% (against 2.4% growth a year earlier), amounting to $ 678.2 million, as evidenced by the final data of the RA Statistical Committee.
According to statistics, the negative balance of Armenia's foreign trade with the EAEU countries in January-April 2021 amounted to $ 218.5 million, decreasing by 24% on a y-o-y terms (against an increase of 19% a year earlier) amid a decline in imports by 6.1% to $ 448.3 million with an increase exports by 20.8% to $ 229.9 million (against an increase in imports by 8.3% and a decline in exports by 10.6% a year earlier)
The upward trend of Armenia's foreign trade turnover with the EAEU countries was caused by Russia, Kazakhstan and Kyrgyzstan, and in the direction of Belarus, foreign trade sank. In particular, the foreign trade turnover of Armenia with Russia accelerated the y-o-y growth from 2% to 2.4%, with Kazakhstan - from 3.5% to 71.1%, with Kyrgyzstan result of the 22.1% decline by 93.1% growth, and with Belarus, on the contrary, reversed the dynamics from 14.9% growth to 31.9% decline.
Russia holds the lead both in terms of the total volume of foreign trade turnover ($ 656.9 million) and in exports and imports ($ 220.9 million and $ 436 million, respectively). Exports with Russia brought the y-o- y dynamics from an 11.3% decline to 20.9% growth, while the import trend reversed from 8.1% growth to a 4.9% decline.
In the structure of Armenia's foreign trade with the EAEU countries, Belarus, Kazakhstan and Kyrgyzstan follow in terms of volume after Russia - $ 15.8 million, $ 4.8 million and $ 762.9 thousand, respectively. The export of Armenian goods to Belarus decreased by 15.6% to $ 4.8 million, while imports in this direction dropped by 37.2% to $ 10.9 million, against the growth of these indicators a year earlier - exports by 24.2% and imports by 12.5%. In the direction of Kazakhstan, exports increased 2.1-fold to $ 3.4 million with an increase in imports by 13.4% to $ 1.3 million, against multidirectional dynamics a year earlier - a decline in exports by 9.6% and an increase in imports by 29.3%. The export of Armenian goods to Kyrgyzstan increased 2.2-fold to $ 718.8 thousand with a decline in imports by 35.6% to $ 44.1 thousand, while a year earlier an impressive growth was observed in imports (17.4-fold) with a significant decline in exports (by 34.5%).
The share of Armenia's foreign trade turnover with the EAEU countries in the total structure of foreign trade amounted to 31.2% in January-April 2021 against 33% in the same period in 2020. Moreover, the share of Russia decreased from 31.7% to 30.3%, Belarus - from 1.1% to 0.7%, Kazakhstan - increased from 0.1% to 0.2%, and Kyrgyzstan - increased from 0, 02% to 0.04%.
Namely, in the structure of Armenia's foreign trade with the EAEU countries, the share of Russia is 96.9%, Belarus - 2.3%, Kazakhstan - 0.7%, Kyrgyzstan - 0.1%. In total, Armenia's foreign trade turnover in January-April 2021 amounted to $ 2.2 billion, with a y-o-y growth of 7.2% (against a 10.4% decline a year earlier). In particular, the growth in export volumes by 16.7% to $ 818.7 million was accompanied by an increase in imports by 2.2% to $ 1.4 billion, while a year earlier both items were in decline - exports by 8.1% and imports by 11.5 %. As a result, the negative foreign trade balance of Armenia slowed down the annual decline from 16.4% to 14.2%, amounting to $ 532.9 million in January-April 2021.
